Can Engineering For Kids specify a common chart of accounts for franchisees to use?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
ght to charge a reasonable fee for additional personnel attending training, or for re-training persons who are repeating the course or replacing a person who did not pass. For all training, including initial training, you are responsible for any travel expenses, living expenses, wages, and other expenses incurred by your trainees.
6. OPERATIONS
6.1. Compliance with Standards and System Changes
You agree to comply with all mandatory standards, specifications and operating procedures set forth from time to time in our Manual. You acknowledge that the services and operation of your Franchised Business, accounting practices, record keeping and reporting practices, and software are important to us and our other franchisees. However, you acknowledge that we have the right to vary our standards and specifications, in our reasonable judgment, to accommodate circumstances of individual franchisees. We have the right from time to time to change or modify the System, including modifications to the Manual, the Programs, Proprietary Materials, curriculum, approved suppliers, the required equipment, the signage, and other aspects of the Franchised Business, the adoption of new administrative forms and methods of reporting and payment of any monies owed to us (including electronic means of reporting and payment). You agree to accept and implement any such changes or modifications to the System as if they were a part of the System at the time this Agreement was signed, and you will make such expenditures as the changes or modifications in the System may reasonably require. However, if any discontinued portion of the System, could pose a hazard to the public or prove detrimental to the System, you must cease selling that item or offering that service immediately.
6.2. Programs and Services You May Offer
You may offer customers only the Programs and other products and services that we have expressly authorized in writing for Engineering For Kids Businesses to offer, as further provided in Section 7 of this Agreement. We may make this designation in the Manual or otherwise in writing.
Source: Item 23 — RECEIPTS (FDD pages 53–138)
What This Means (2025 FDD)
According to the 2025 Engineering For Kids FDD, franchisees must adhere to specific accounting, record-keeping, and reporting practices as part of the franchise system. Engineering For Kids has the right to modify the system, including changes to administrative forms and methods of reporting.
Engineering For Kids can specify the data and other information that franchisees must collect and maintain on their computer systems, as well as the manner in which it is collected. Franchisees must provide reports from this data as reasonably requested by Engineering For Kids and download or provide access to all information and materials related to the operation of the franchised business at required intervals. This information must be presented in a manner prescribed by Engineering For Kids.
Engineering For Kids may use the data and reports provided by franchisees in any manner, including providing financial and operating reports to other franchisees. Upon termination, expiration, or transfer of the franchise agreement, franchisees must provide all data in a specified digital format, printed copies, or originals upon request. While the FDD states that Engineering For Kids can specify data collection and reporting methods, it does not explicitly state whether Engineering For Kids provides a standard chart of accounts for franchisees to use. A prospective franchisee should seek clarification from Engineering For Kids regarding the availability and requirement to use a standardized chart of accounts.